Mortgage Blog

As reported in the Rocky Mountain News "foreclosures cited for a 7 year low in vacancy rate".

This continues to add fuel to the investor marketplace for single family homes.  The lending community still has an appetite for NOO (Non-owner Occupied) properties depending on the qualifications of the borrower.  Because there are enough variables it is worth a call to me to get a more accurate evaluation.

Quick round up on some stats; Inventory of Unsold Homes in Denver last year - 29,110, this year 26,333.  As we see the inventory work it's way down there will be modest gains in home prices!

After talking to a Denver Appraiser I wanted to share his observations of the current market.  He is seeing pockets hit the hardest in depreciated home values starting to stabilize.  Two neighborhoods that are worth mentioning as showing signs of stabilization are; South Commerce City and Mission Viego.

The current absorbtion rate is more in favor of a balanced market.  The post election real estate market could be an exciting marketplace in terms of increases in home values. 

Would like to hear from you as to what is happening to values in your neighborhood?  If you are planning on selling or buying in the next year let's talk in more detail.